Gunning Daily News
October 10, 2011 4:39 pm
Q: Why is location so important?
A: Location remains the single most important factor when choosing a home. It can make or break the value and desirability of a home.
Because everyone’s preferences vary, your lifestyle will determine the best place for you to live. Some people prefer the suburbs while others thrive on downtown living. If you favor city living, find out what part of the city suits you best – a fast-paced neighborhood or one slightly more subdued. Talk with the neighbors and keenly observe such things as traffic patterns, lifestyles, and even sounds and smells.
When choosing a town, take property taxes, schools, accessibility to work, services, recreation, and the character of the community into consideration.
October 7, 2011 4:39 pm
The National Foundation for Credit Counseling’s (NFCC) September online poll revealed that twenty-four percent of more than 1,400 respondents would not tell their spouse if they were experiencing financial difficulties.
Reasons given for withholding the information include the fear that it would worry the spouse (nine percent); that the spouse is unaware of the debt (eight percent); that it would damage the relationship (seven percent).
“Even if well-intentioned, withholding financial information from a spouse is not a sign of a healthy relationship, either emotional or financial,” says Gail Cunningham, spokesperson for the NFCC. “It is encouraging that the majority, 76 percent, would share the information with their spouse so that they could work together to resolve the situation.”
Even though having a discussion around money can be difficult, particularly if it is long overdue, it is a topic that ideally should be addressed early in a relationship, preferably before tying the knot. “People bring financial baggage into a relationship that they often don’t deal with until there is a problem, making it challenging to have a constructive conversation,” continues Cunningham.
To help facilitate a positive conversation about financial issues, the NFCC recommends the following Dos and Don’ts of a successful discussion:
• Don’t approach the subject in the heat of battle. Instead, set aside a time that is convenient and non-threatening for both parties.
• Do make it a casual conversation about a serious subject, respecting the fact that each person has valid opinions and concerns.
• Do be honest about your current financial situation. If things have gone south, continuing the same lifestyle that was possible before the change in income is simply unrealistic.
• Do be open to adjusting your lifestyle. If spending cutbacks or second jobs are necessary, resist whining. It’s likely that your situation will be temporary, and you could end up regretting the pity party you hosted.
• Don’t hide income or debt. This is known as financial infidelity. Instead, bring financial documents, including a recent credit report, pay stubs, bank statements, insurance policies, debts and investments to the table.
• Don’t point the finger of blame. That’s a real conversation stopper.
• Do probe to understand long-held financial attitudes, often present since childhood and ingrained by observing how parents addressed money issues.
• Do acknowledge that one may be a saver and one a spender, understanding that there are benefits to both mindsets and agreeing to learn from each other’s tendencies.
Once everything is out in the open, it’s time to make decisions about how to handle your finances in the future:
• Do make a plan to deal with any skeletons that came out of the financial closet. Such surprises can greatly compromise your ability to obtain future credit opportunities. Now is the time to deal with them.
• Do construct a new joint budget that includes savings. Emergency situations drop into your life at the most inopportune times. Without a rainy day fund, the financial hole becomes even deeper.
• Do decide which person will be responsible for paying the monthly bills. It is likely that one person will be a good fit for this task, while the other finds it burdensome.
• Do allow each person to have independence by setting aside money to be spent at his or her discretion.
• Do decide upon short-term and long-term goals. It’s ok to have individual goals, but you should have family goals, too.
• Do talk about loaning money to family members and friends. Decide if it’s something you’re each comfortable with, or should be taboo.
• Do talk about caring for your parents as they age, and how to appropriately plan for their financial needs, if necessary.
“Court records show that financial stress is one of the main causes of divorce. Taking action now could prevent a disaster later,” comments Cunningham.
For more information, visit http://www.DebtAdvice.org.
October 7, 2011 4:39 pm
From big-ticket purchases to basic household items, people from all economic backgrounds are prioritizing their shopping lists to spend wisely on items worth the investment. It’s not surprising that when buying items for you or your family, it can be difficult to decide where to adjust your household budget. Personal finance expert, author and TV personality Farnoosh Torabi provides these tips for how to save on everyday items, and shows families where extra spending can lead to long-term savings.
Saving on the Everyday
Buy in bulk and store. Basic household items such as paper towels, toilet paper, dish soap, hand soap and laundry detergent can be purchased in large quantities and shelved for later use in order to save money over time. Look to large retailer stores that offer buy-in-bulk options. Also consider purchasing frozen food to store and use as needed.
Get creative; call for reinforcements.
• Email friends and family to set up a kids' clothing swap. Trading gently-used clothing with other families is a great way to get the items you need, without spending a great deal of money.
• Save on babysitting expenses by swapping out weekend nights of kid watching with a friend or family member.
• Set up a carpool to save time and fuel.
Clip those coupons. Though it may seem obvious to point out that you can save big by clipping coupons, many people overlook this money-saving practice. Look for coupons online and in your local newspaper. There are several sites online that can keep you updated about savings at stores in your specific location as well.
Spending for Long-Term Savings
Trade up now, save more later. Certain household items may cost more up front, but will save time, energy, money and other resources down the line if you invest in quality products. Torabi suggests the following items deserve larger budgets up-front:
• Running shoes - Fitness experts suggest purchasing quality, high-performance shoes that are designed to protect against injuries and their impending medical costs. Purchasing good workout shoes during your lifetime could potentially save you from costly injuries such as a $15,000 knee surgery.
• Quality mattress - The average person spends a third of his or her life in bed. So, investing in a quality mattress now, and one that can adjust to your changing body over time, will provide a low cost-per-use, since you sleep on your mattress every day.
• Electric toothbrush - Proper brushing and flossing practices are important for maintaining oral health and can save you money down the line. Avoid costly dental expenses by purchasing a quality electric toothbrush, brushing and flossing two or more times daily, and keeping those dental cleaning appointments.
• Green appliances - When upgrading kitchen or other household appliances, spending more up front can mean big savings later. "The average household spends $1,400 a year on energy bills. By purchasing energy-efficient products, you can save 30 percent, or more than $400 a year," says Torabi. Over time, those savings could pay for the cost of each appliance. And purchasing a high-quality product means your appliance will continue to run properly with minimal maintenance years from now.
To learn more, visit www.sleepnumber.com.
October 7, 2011 4:39 pm
When the rain starts, conserving water may be the last thing that comes to mind. Yet given California's Mediterranean climate, water conservation should be a daily, year-round habit for all of us. Save Our Water, a statewide public education program, offers these tips and ideas on how to conserve water this fall and winter:
Change your sprinkler schedule - As the weather cools, lawns and plants don't need as much water. And when it's raining, they don't need to be watered at all. So change your sprinkler timer now and then remember to turn if off when it’s raining. Or you can invest in a weather-based sprinkler and never have to worry about your sprinkler schedule again.
Get a jump on spring plantings - Gardeners will tell you that plants set in the fall require less water and will look better come spring.
Check for leaks - Why pay for water that you're not using? Find and fix leaks now. One way to find leaks is to read your water meter before and after a two-hour period when no water is being used. If the meter does not read exactly the same, you probably have a leak.
Install low-flow showerheads - Showers are the largest indoor water use. Reduce your water use by as much as one-third by simply switching your old showerheads for low-flow showerheads.
Hold a household meeting to remind people to:
• Keep showers to five minutes (a shower timer is handy)
• Run the dishwasher and washing machine with full loads only
• Fill the sink when hand washing dishes - don't let the water run
• Don't use the toilet as a wastebasket
• Keep a bucket in the shower to catch water that can be used on container plants
For more information, visit www.saveourh2o.org.
October 7, 2011 4:39 pm
The tricks and treats of Halloween are right around the corner. In honor of the ghoulish holiday, Command Brand from 3M is teaming up with Rebuilding Together—a leading nonprofit working to preserve affordable homeownership.
Through a donation of $20,000 as well as damage-free organizing and decorating products, Command Brand is helping homeowners add some 'spirit' to their revitalized homes. Command Brand is also encouraging Americans to show their support for Rebuilding Together by viewing a video with tips on transforming the home this Halloween from lifestyle expert Kelley Moore.
Some of her Halloween decorating tips include:
• Mummify chairs across your home. Using tea bags and warm water, stain several rolls of white gauze to make it look like they've been buried underground for years. Simply wrap the chairs with the gauze and secure it in place using poster strips.
• Create inexpensive Halloween table centerpieces by stacking scary old books, such as The Alfred Hitchcock Collection, Frankenstein and Dracula, on tables and benches. Add a few candles on top of the stack to help add height and dimension.
• Give house guests goose bumps by creating giant cobwebs on walls and over furniture to make the house look like it was abandoned years ago. Stretch out thin layers of cotton and secure it in place using mini hooks. Then add spiders, bats and other creepy crawlers as finishing touches.
• Create eerie lighting throughout the home. Simply cut Halloween shapes, such as cats and bats, out of black construction paper. Then adhere them to the inside of an inexpensive lampshade using poster strips. When the lamp is turned on, spooky shadows will illuminate the room.
• Create a costume for your refrigerator by showcasing Halloween photos, greeting cards and party invitations using picture clips.
For more information, visit www.3M.com.
October 7, 2011 4:39 pm
Lien. A debt on a property which encumbers it until the obligation is paid; a mortgage, back taxes, or other claim.
October 7, 2011 4:39 pm
Q: What are some of the guidelines for purchasing HUD foreclosures?
A: If you have the cash or can qualify for a mortgage, you can buy a HUD home. Downpayments vary depending on whether the property is eligible for FHA insurance. If so, the downpayment can be lower than the 5 to 20 percent required on conventional loans.
HUD requires that all accepted offers be accompanied by an earnest money deposit equal to 5 percent of the bid price, not to exceed $2,000, but not less than $500.
Foreclosure properties are sold "as is," meaning limited repairs have been made but no structural or mechanical warranties are implied. If a HUD home needs to be fixed—and not all of them do—it can still be a bargain. HUD adjusts the asking price to reflect the fact that the buyer will have to invest money to make improvements. The agency might also offer special incentives such as an allowance to upgrade the property or a bonus for closing the sale early. And buyers can request that HUD pay all or a portion of the financing and closing costs. Contact your real estate agent for more details.
To learn more about HUD foreclosures, visit their website at www.hud.gov.
October 7, 2011 1:09 pm
It’s been a dog’s age since I talked about moving with pets. So it was great to see a recent post by Teresa Hamilton, a real estate professional in Lafayette LA, who always makes sure she and her team know when a client is moving with pets.
Hamilton says to make your first call to the state Veterinarian’s office or Department of Agriculture in the state where you are moving. Ask for the laws and regulations concerning the types of pets you will be relocating with, keeping in mind the more exotic your pet the more restrictions you may be facing.
This quick call will let you know everything you are going to need, including medical documentation, to license your pets in your new state. Then, call your current Veterinarian for copies of medical records, including an up-to-date list of vaccinations.
That way you will have all your paperwork in order as each state has its own set of required documentation for incoming pets.
And lastly, make sure all animals are tagged with identifying information, including phone number, and that you have photographs handy of each pet should a certain someone wander off while the family takes a break at a highway rest stop.
Many lost pets have been known to find their way home after getting lost, but the chance of this happening during a move are slim.
Hamilton also links to this handy checklist from Moversdirectory.com that reminds pet owners to pack:
• Veterinary records, certificates, and recent photos
• Beds (pillows, towels, or other crate liners)
• Plastic bags and scoops for dogs
• Your pets' usual foods and plenty of water from the home you're leaving (changing their water source can be disorienting and upset their stomachs)
• Food and water bowls, a can opener, and resealable lids
• Leashes for cats and dogs
• Litter box for cats
• Cage covers for birds and rodents
• Paper towels for messes
• Toys, chew bones, and treats
• Provisions for the first day at the new home
October 7, 2011 1:09 pm
According to Melanie Tisdale, a real estate media coordinator in Florida, home sellers spend so much time preparing the interior of their home for sale that they can easily overlook what’s going on outside of the home. Yet, Tisdale notes, great curb appeal can increase the value of a property by as much as 15-20%.
Tisdale recently spoke with Mario Garcia, a landscaper in Bethesda, Md. who helps prepare homes for market. Garcia says that a well-manicured lawn is a magnet for buyers. On the other hand, overgrown trees or large bushes hiding the house are a no-no.
“Buyers associate the condition of the exterior and landscape with the condition of the interior,” Garcia explains. “Curb appeal must invite buyers to view the rest of the property.”
Landscaping fixes include adding flowers or sprucing up the property with decorative grasses or Japanese maples. Accent the trees with rocks or boulders for a bold statement. Consider adding a modest fountain to the yard or garden.
In addition, Tisdale concludes, rake leaves, wash windows and skylights, clean gutters and trim shrubs. Add low voltage lighting to highlight the yard, trees and the home’s exterior.
And you needn’t spend a ton of money to make a difference. “Do something as simple as putting up a new mailbox and address decals on your home,” says Anne West, owner of Wilmette, Ill.-based Redesign Doctor. “Also, adding a new welcome mat with a grouping of potted plants by the front door makes things more inviting.”
October 7, 2011 1:09 pm
We teach children how to cross a street and what to eat. We warn them not to talk to strangers. Pella Windows and Doors is asking parents and caregivers to also add fire and window safety to the key lessons they pass on to children.
October is Fire Prevention Month. Take time to develop and discuss your home fire safety escape plan, and at the same time, talk to your family about window safety and how to help prevent accidental falls in the home.
“Children practice fire drills at school, and adults practice them in the workplace, but many families do not have a fire escape plan in place for their homes,” says Kathy Krafka Harkema, Pella spokesperson and fire safety educator. “This fall, consider what you can do to observe fire safety, as well as window safety.”
Identify! Prepare! Practice!
Pella offers this fire safety plan to help protect your loved ones:
• Evaluate fire safety risks inside your home and immediate surroundings. Equip your garage with smoke detectors since garage fires can start easily and spread quickly. Also, properly extinguish fire in indoor fireplaces or outdoor fire settings like grills or fire pits to prevent the risk of fire spreading around your home or to others in the neighborhood.
• Identify two exits – Designate two exits from every room in your home—a door and a window. Make sure doors and windows open quickly and easily to help ensure a quick exit; if not, consider replacing them for safety’s sake.
• Have a plan – Draw a floor plan of each level of your home. Before an emergency strikes, establish and communicate a meeting place a safe distance outside your home for everyone to gather in the event of a fire.
• Check the alarms – Install working smoke alarms in or near every sleeping area and on every level inside your home. Test alarms monthly, change batteries regularly, and replace alarms not permanently wired into your home’s electrical system every 10 years.
• Make smart purchases – Consider keeping items like fire extinguishers and fire escape ladders in your home. Mark their location on your home fire plan and share this information with those in your home.
• Test the alarm – Sound smoke alarms when household members are awake so everyone knows what they sound like, and test your family’s ability to awaken to fire alarms during sleeping hours. If they don’t awaken easily, assign someone to awaken sound sleepers in the event of an emergency.
• Practice makes perfect – Practice your home fire escape plan with everyone in your home at least twice a year. Practice your plan first in the daytime to familiarize everyone in your home with what to do in the event of a fire, and then at night, when most home fires occur.
Fire safety tips
• Remove matches and lighters from the reach of children and talk to children about the importance of fire safety.
• Keep flammable objects, like rugs, bedding, clothing, furniture, curtains and decorations, away from portable heaters.
• As the weather turns cooler, never leave a portable heater unattended or on while you sleep.
• Never use an oven to heat a home and never place a generator inside your home—this could lead to carbon monoxide poisoning.
• Avoid the use of pourable gel fuels in firepots. These fuels can ignite unexpectedly and splatter onto people and objects nearby when poured into a burning firepot.
• Consider replacing candles with electric candles, especially in homes with children and pets.
• Keep fire pits on a solid surface in an open area. Never use a fire pit indoors and never allow children to light the fire.
• Keep children’s play away from windows, doors and balconies.
• Teach people not to lean against a window screen. Insect screens are designed to keep bugs out, not to keep a person in.
• Keep windows closed and locked when not in use to let in fresh air. When opening windows for ventilation, open those that a child cannot reach like the upper sash on a double-hung window.
• Keep furniture like beds and dressers—anything children can climb—away from windows.
For more information, visit www.pella.com.